Originally Posted by foodguy
obviously not my field, but we finally got one and it made a big difference. in my experience, the key thing is fee-based. there might be others that are just as good, but i hate having to wonder whether someone's advice is predicated on my best interest or on what they get the biggest commission on.
I work in that field up here and fee based does not assure you a better level of service as compared to a commisioned based person. IMO it is much more important to see what the plan is that the advisor is going to instruct for you and your situation. Do they have a record of doing what it is they propose or does it appear to be more by the seat of thier pants. Are there review dates, how often and what/why will go on for these? What is thier buy and much more important sell rational?
We run a mixed fee and commisioned based system for our clients. Be watchful of a 100% fee based system vs commisioned when it involves bond/fixed income holdings, fee based is fine as long as it is reasonable and you are not being crushed with the current intrest rates we are facing.
Does the person actually buy bonds or is it just a stock market game? Bonds are important and there will be a time where you will want/wish you had them.
I only know about the Canadian investment systems so I can only speak to those but the above thoughts should translate to every spot on the globe to some degree.
Feel free to send me a PM or post here and I would be happy to help to expand what it is you should/might want to look for and what to avoid. Clearly these are all just my thoughts and reality could be a different beast.